Anchor Capital Advisors LLC Has $61.46 Million Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Anchor Capital Advisors LLC lowered its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 13.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 399,332 shares of the business services provider’s stock after selling 60,267 shares during the quarter. Booz Allen Hamilton makes up approximately 1.7% of Anchor Capital Advisors LLC’s holdings, making the stock its 10th biggest holding. Anchor Capital Advisors LLC owned about 0.31% of Booz Allen Hamilton worth $61,457,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BAH. Norges Bank bought a new stake in shares of Booz Allen Hamilton during the fourth quarter worth $188,129,000. Captrust Financial Advisors raised its holdings in Booz Allen Hamilton by 29.4% during the 1st quarter. Captrust Financial Advisors now owns 1,076,130 shares of the business services provider’s stock worth $159,741,000 after purchasing an additional 244,391 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Booz Allen Hamilton by 2.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,406,880 shares of the business services provider’s stock valued at $1,544,798,000 after purchasing an additional 222,884 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Booz Allen Hamilton by 184.0% in the 2nd quarter. Acadian Asset Management LLC now owns 335,463 shares of the business services provider’s stock valued at $51,613,000 after purchasing an additional 217,349 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in shares of Booz Allen Hamilton by 75.3% during the 2nd quarter. Van ECK Associates Corp now owns 465,363 shares of the business services provider’s stock worth $71,619,000 after buying an additional 199,871 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $143.31, for a total transaction of $149,185.71. Following the completion of the sale, the director now directly owns 18,123 shares in the company, valued at $2,597,207.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.59% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Booz Allen Hamilton from $136.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Barclays reduced their target price on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a report on Tuesday, July 30th. Jefferies Financial Group upped their price target on Booz Allen Hamilton from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Wells Fargo & Company raised shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $168.00 to $165.00 in a research note on Monday, July 29th. Finally, Truist Financial upped their target price on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Booz Allen Hamilton currently has an average rating of “Moderate Buy” and an average target price of $159.33.

Booz Allen Hamilton Price Performance

Shares of NYSE BAH opened at $152.11 on Friday. Booz Allen Hamilton Holding Co. has a twelve month low of $106.90 and a twelve month high of $164.43. The company has a market cap of $19.67 billion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 2.29 and a beta of 0.59. The business’s 50 day moving average price is $151.99 and its two-hundred day moving average price is $150.19. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 3.07.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, July 26th. The business services provider reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.14). Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. The business had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.92 billion. On average, analysts predict that Booz Allen Hamilton Holding Co. will post 5.96 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Wednesday, August 14th. Booz Allen Hamilton’s payout ratio is 44.35%.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.